On March 21, 2019 Finance Minister Éric Girard tabled Quebec’s 2019-20 budget.
The aim of the first CAQ government budget is to invest now to control our future.
Thanks to the current fiscal surplus estimated at $2.5B at the end of 2018-2019, the Government is projecting a balanced budget this year as well as for the next four years without need to use the stabilization reserve.
A number of the measures announced are designed to put more money in the pockets of Quebeckers, including the gradual elimination of the childcare contribution and a standardized school tax. Adding to the measures announced in the 2018 fall update (like the new Family Allowance and the new tax credit for seniors) which will give $360M back to taxpayers, the Government will now be putting nearly $1B back in the pockets of Quebeckers starting in 2019-2020.